Wednesday, April 7, 2010 as of 11:14 AM ET
Handbag designer Coach (NYSE:COH) revealed on Tuesday a 21% increase in third-quarter profit on strong demand in the U.
S. and China, leading the company to lift its dividend by 33%.During the quarter, direct-to-consumer sales were up 18% to $984 million from $837 million a year ago, while comparable-store sales in North America increased 6.7%. In China, sales jumped 60% on a constant-currency basis.Revenue for the three months ended March 31 was up 17% to $1.11 billion from $951 million in 2011, virtually matching the Street's view. Indirect sales were up 10% to $125 million from $114 million in 2011.Coach CEO Lew Frankfort said the company was pleased with the strong top and bottom-line performance and the expansion of its operating margin, which was 30.4% from 29.4% last year."Our results demonstrated the brand's resonance across channels, categories and geographies and reflected the effectiveness of our new pricing and promotional strategies in our North American factory business," ...NEW YORK (Reuters) - Coach Inc <COH.N> reported a higher-than-expected quarterly profit as sales at its North American stores soared, but the upscale handbag maker w...
Coach (NYSE:COH) reported Tuesday a stronger-than-expected 34% rise in third-quarter profit on higher North American sales and the designer’s continued push to expan...
By Phil WahbaNEW YORK (Reuters) - Leather goods maker Coach Inc said shopper traffic to its full-line stores slowed during the fourth quarter, raising concerns about...
By Phil WahbaNEW YORK (Reuters) - Leather goods maker Coach Inc reported better-than-expected quarterly sales and earnings on strong demand for its less expensive Po...
* Plans to open 30 more China locations in FY 2011 (Adds Wall Street estimates, FY 2011 view, China store count)NEW YORK (Reuters) - Coach Inc reported better-than-e...
Coach (COH) posted a better-than-expected 11% jump in fiscal second-quarter profit Wednesday but the results failed to impress shareholders, who sent the luxury reta...
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Upscale handbag designer Coach Inc. shares rose 6.1% on Thursday, making the stock the biggest percentage gainer on the S&P 500, after Chief Executive Lew Frankfort ...
Coach Inc.'s (COH) fiscal second-quarter earnings rose 15%, with its leather merchandise seeing demand from a growing men's business and the retailer enjoying streng...
Coach (NYSE:COH) revealed a 15% increase in second-quarter profit on Tuesday as holiday sales surged both domestically and abroad and its newer men’s business contin...
The Hong Kong depositary receipts of luxury leather-goods retailer Coach Inc. rose modestly in debut trade Thursday. The shares ended the morning session at 48.05 Ho...
Coach (NYSE:COH) said Tuesday that its fourth-quarter profit climbed 18% during the quarter but higher labor costs forced its margins lower, sending its shares lower...
By Phil WahbaNEW YORK (Reuters) - The Japan disaster and aftermath are cutting into the sales and profits of U.S. companies that serve Japanese consumers, from Coca ...
Coach (NYSE:COH) said growth of its men's brands and higher sales in North America helped to offset a sales drop in Japan, leading the company to book a stronger-tha...
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